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FOX Business
Dec 3, 2013 11:00am EST
that in the next hour of markets now. connell: they to it. a lot of news. dagen: motor city, auto sales. connell: first to nicole petallides on the floor of the stock exchange looking at today's markets. nicole: good morning. good morning, everybody. right now all we mayybe clocking in some losses for the third day in a row for the dow and the s&p and we haven't seen that since september. dow jones industrials down 66 points at 15,932 and nasdaq down sitting at 1797, friday is jobs friday, watching for that. also a close eye on dow chemical which jumped to little bit yesterday on this news, pulling back now, trying to spin off part of their business so we have seen this moving back and forth, gains going back today. connell: breaking news in a detroit courtroom where a federal judge is ruling whether or not the city can continue with its bankruptcy filing. dagen: a win for the city? jeff flock live from detroit with the latest. jeff: it is accused ruling. for the first time ever a federal judge has ruled in detroit std may cut, diminish the pensions of municipal workers in bankrup
FOX Business
Dec 8, 2013 9:30am EST
blueprint to get the motor city rolling again. with more cities on the brink, they might learn a thing or two before they go bust, too. plus -- >> there will be no more taxpayer funded bayouilouts, period. >> america is getting fed up. now the white house may be about to hand insurance companies another massive bailout because of obama care and you'll be paying for it. then, listen up, kids, don't be a maker, be a taker. a 6th grader getting schooled in liberalism and it might make parents' heads explode. >> i can't raise money, work hard, have a good work ethic, but they can beg. >> they told her to beg, but we beg to differ. cashing in, always seeking the truth, starts right now. >> hi, everyone. detroit i beaten, burned out and now bankrupt but a beam of bright light is emerging from the right. this an exclusive interview you will see only here. senator rand paul joins us from the motor city. tell us what your plan consists of. >> this is a free market plan to rescue detroit. weapon don't rescue detroit by taking money from houston or atlanta. we rescue detroit by leaving more money
FOX Business
Dec 4, 2013 11:00am EST
favor of bankruptcy, the next question becomes what happens to the city retirees clinging to those benefits? and the president is pushing this hour for a higher minimum wage. the congressman to talk about that. by your gifts online, paying tax, others don't, supreme court doesn't want to get in the middle of it. judge andrew napolitano has no problem getting in the middle of that. and then, consolidating your wallet into just one card. the high-tech idea could be the way we shop in the future. it is all coming up along with dagen mcdowell on "markets now." dagen: giddyup. changing out of the shirt you had done earlier and now you look more businesslike. connell: i will take that as a complement on both sides. i have no other choice but to check the market and talk to the judge. dagen: we have to hit your slender. we have gains on the market right now despite the better-than-expected numbers from adp, nicole petallides at the new york stock exchange. nicole: you mentioned adp, which was better. we also got new hom home sales numbers better than expected, we are seeing the market wit
FOX Business
Dec 4, 2013 9:20am EST
. detroit's unionized pensioners will see their benefits cut. watch out other american cities. frack, and floods the world with oil, and opec is split. what's a cartel to do? an on-line shopping binge rolls on. wal-mart had its best day ever. and stocks will open lower again? yeah, a big day. "varney & company" is about to begin. hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] th n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >> here we go. fire up the political spin machine
FOX Business
Dec 5, 2013 7:00pm EST
, everybody. the ser us staging protests and demonstrations in major cities all across the country, organizers rallying off to the fast-food workers trying to posture the day's events as an nationwide strike. all motivated by an organized labor goal of unionizing the nearly 4 million americans who work in fast-food restaurants. all of the events were built by the union as a strike and a walkout. but all the events and nearly all participated were putting on a show for the cameras and microphones in the national media. here is at least one of the scenes in new york today. approximately 100 protesters blew there whistles and beat their drums as they marched into a brooklyn mcdonald's and interrupted customers. of the protesters claim to have walked out of work or for that matter were even mcdonald's employees. in detroit crowds picketed outside to separate mcdonald's restaurants change it -- chanting we can't survive on 725. demonstrating on their day off. in washington protesters lined up outside of the smithsonian air and space museum. the mcdonald's based in-the president obama ra
FOX Business
Dec 8, 2013 12:00am EST
city. john: really? >> no question. it has come back to me trust me. i have spent on said i get tired of people's opinions i am not even a agree i just point out where my viewpoints are different than that is the death to get people to turn off they get a green ian devotional. there is no facts only emotion. when i said i voted for reagan i was in canada they said you are such an educated. >> i work with 12,000 kids the best after-school program in the state for inner-city kids 12,000 kids we have a 90 percent graduation rate. john: but because you vote a certain way? >> it is the indoctrination but i keep asking socialism? how does it work? >> in hollywood carry about obamacare does not affect them. john: the biggest cause is saving the earth and climate change. here is a commercial done by harrison ford. >> when rainforest are slasheand burned their releases tons of carbon into the air we breathe. the changes our climate. it hurts. every bit of rain forest cut down over there really hurts us over here. john: what? waxing your chest hair and the of rain forests? it is a gimmick
FOX Business
Dec 5, 2013 4:00pm EST
former new york city police commissioner, william bratton. he served during the giuliani administration during the mid 1990s but he was fired. liz: ford unveiled the new version of eye coon nick mustang, it will go on sale at the 50th anniversary of the launch of iconic mustang. time fore"after the bell." david: i have should mention by the way the floorboard of the '67 mustang that chris noth had was not there. it rusted out. we were looking at road beneath our feet. what you do in college, crazy stuff. we have lee munson, portfolio manager, chief investment officer will explain why he doesn't think the fed will taper soon no matter how strong the economic data. we have tim mullen in the pits. tim i want to start with you. the looks like the market is ready for a good jobs report, perhaps, as a result earlier tapering than we thought, correct. >> that is the thought in the market action but when you look at bond market and the way the selloff ended i think there is hesitation. if we get a jobs number there is no certainty fed will stop anytime soon. even if they do they'
FOX Business
Dec 9, 2013 7:00pm EST
relentless storm pounding cities along the east coast, dropping snow and sleet and freezing rain across much of the region. forecasters say that washington dc could get up to 5 inches of snow in philadelphia up to three and new york at least 1 inch. the storm system is wreaking havoc on the roads and in new jersey a car slid off interstate 78 and two people were killed. overall, 11 deaths across the country have been blamed on the storm in the snow and icy conditions is causing an exceptional number of pilots. the chain reaction crash on the pennsylvania turnpike that involves 50 cars. just north of new york city, icy roads triggered a 24 car pileup. aaa estimating it at the annual cost of traffic collisions can be an amazing $166 billion per year. air travel disruptions rippling across the country. 1600 flights were canceled, mostly out of dallas and fort worth. fox news senior meteorologist janice dean is live from the fox extreme weather center to tell us what to expect. good evening. i'm going to work on meteorology. reporter: into mouthful, that's for sure. look at some of t
FOX Business
Dec 4, 2013 12:00am EST
very much. >> thank you. melissa: from one disaster to another. a judge ruled the motor city is officially broked. judge stephen rhodes says detroit is proven insolvent and could enter chapter nine bankruptcy. this could be a precedent for every other city struggling with overblown debt. even if you thought you were safe. this could change it. fox business's jeff flock is live from federal bankruptcy court in detroit. jeff, what does it mean for people's money? >> yeah. you know that's the big deal on this one. for the first time ever, melissa, a federal bankruptcy judge has said, even if, if you're a municipal penoner, even if you have a state constitution that says you can not screw with my pension, in federal bankruptcy court, yes in fact you can screw with my pension. first time anybody said that. we don't know how it will come down but the first time it the door has been open. melissa: state protections written in the michiga constitution would prove meaningless? i didn'tnderstand that? >> yeah. because what the judge said today, essentially is federal law trumps state law.
FOX Business
Dec 9, 2013 4:00pm EST
whom the city is relying more and more to pay the bills. and now new york's mayor-elect bill de blasio wants to make them pay even more. he propose ad misnamed millionaire's tax. it is misnamed because it kicks in on all those make $5 million to pay for kindergarten education programs. will the tax catch on? steve forbes, "forbes" editor in chief lives in new jersey. >> i saw 60 years ago this was coming along. david: wealth tax, it is small increment increase. i think city tax would go 3.9 to 4.3, 4.4. it is small but all of these wealth taxes always start out small. i think of the amt, alternative minimum tax, originally designed for a couple dozen people. now it affects millions. >> that's right. it also sends a signal out that new york city takes prosperity such as it is for granted. new york does have unique advantages. it won't kill the city but sends a message out, we're not interested in entrepreneurs. more importantly we don't understand real wealth creation. if anything you should be doing the opposite. in terms of what he wants to finance, in terms of education, if he is rea
FOX Business
Dec 3, 2013 9:00pm EST
honestly believe that this is for the city of detroit. >> it doesn't matter what it is, it's all going to be handled the same. how do you think that that will get resolved? are people who are retired, they may not get it. >> it's a very sad story for the city of detroit and now we are looking at 30 or 40 on every dollar that is owed in health care and pension benefits. and now thecity has the right to renegotiate the contracts. but will there be a bailout? will there be a state bailout and will there be an uncle sam bailout? i wouldn't put it back up past the politicians to try to do that. and people are in worse shape, the people on those bonds and this is a big thunderous message for people without for 50 years but those are state investments. gerri: steve moore warning you about in a imple bond. go times, great information. gerri: thank you for coming on the show. detroit isn't the only part of this country in dire straits. the nly state egislature has closed the state 100 billion-dollar pensions shortfall. union officials saving $160 billion over the next 30 years, the governor say
FOX Business
Dec 3, 2013 1:00pm EST
saying he sensually if you have a pension and a municipal worker in your city declares bankruptcy it is not necessarily protect. kevin is the emergency manager who got everything he wanted in this judge's ruling but very somber when he came out to talk to reporters. >> we were very pleased, we remain very concerned about the need to improve the level of services for citizens and also prepare for the city to exit this receivership in a fashion that restores democracy. to the city. >> that is what a lot of people are concerned about, the democracy being restored. look at the pictures on the streets of the city, as soon as the ruling came trickling out people upset about it, specifically pensioners, retirees, union members, their attorney who represents them talked just after the ruling was shellshocked. >> this is a scary day because what the judge has done is set a state constitution specifically and expressly protects vested pension benefits can be taken away in bankruptcy and that is very scary. >> sharon levine asks me as you point out, it is a huge ruling and this could have huge
FOX Business
Dec 8, 2013 2:00am EST
paul is here revealing his free market blueprint to get the motor city rolling again. with more cities on the brink, they might learn a thing or two before they go bust, too. plus -- >> there will be no more taxpayer funded bayouilouts, period. >> america is getting fed up. now the white house may be about to hand insurance companies another massive bailout because of obama care and you'll be paying for it. then, listen up, kids, don't be a maker, be a taker. a 6thgrader getting
FOX Business
Dec 5, 2013 9:20am EST
exchanges can use to? who better to ask than mark lanier, trial lawyer extraordinaire in new york city. >> you sue the federal government. you can get punitive damages against the government, can't get prejudgment interest but you have a claim against the mid your identity get sued for picking up the salary system. stuart: i did not know you could do that. i thought you could -- >> it is part to and a lot of juries don't givehard to and a juries don't give a lot of money. charles: how do you get cost at -- economic tour resolution? >> a good lawsuit, three lakes school, someone you can collect from, liability and damages. the damages won't be that strong for most people. stuart: will there be lawsuits launched because of this fiasco? >> there will be a class action launched. that is the only way it can be economical. stuart: it will not stop obamacare in its tracks, this is down the road. >> that train has left the station. if i were a lawyer i could stop it, i would. there has to be a better system. stuart: a lawyer opposed to president obama -- >> all the time. stuart: hold on. here
FOX Business
Dec 3, 2013 9:20am EST
getting news from a courtroom in detroit where the judge is giving the ruling on the city's bankruptcy. are they allowed to declare bankruptcy or not? first off, the court finds city has proved it is insolvent. the judge just said it. that's from our own jeff flock inside the courtroom. we'll bring you more details as they break. but the judge has just said, yes, detroit is insolvent. that's important. all right, everyone, kayleigh, thank you for joining us this morning. by the way, i understand you sat-- she's gone. you know, she sat an important exam yesterday. i want to know how it went. charles: oh, yeah, i think she's great. stuart: we'll bring her back and ask her. to washington, president obama will renew the obamacare pitch today talking about everything good about the law. should be a short speech. meanwhile on capitol hill more political theater. rich edson watching it in d.c. rich, what is this hearing all about? >> with he will -- well, stewart, the title is the president's constitutional duty to faithfully execute the nation's laws. basically what the republican
FOX Business
Dec 4, 2013 5:00pm EST
is not over. d.c. city council just voted to boost the city's minimum wage to 11.50 an hour by 2016. it is 8.25 right now. that is a big jump. here now the man behind the plan, d.c. city councilman, vincent orange. thanks for joining us. have you heard from walmart? they opened their doors and you guys voted to raise anyone mum wage by three bucks? >> i was with walmart at preopening atth street. i joined them this morning on the store with georgia avenue. all seems to be well. opened their stores. council voted minimum wage of $11.50. melissa: did you talk about this specifically. >> no, happy feeling last night and this morning. people know they will have minimum wage. walmart knows they will sell their wears in the district of columbia. melissa: why do you think thaw need to increase the minimum wage by so much? for example, if you look at bureau labor at that schtick tis being less than three people, less than 3% of people make minimum wage. don't things in d.c. deserve more attention like crime? >> what we need in the district of columbia is better quality of life for our resid
FOX Business
Dec 2, 2013 1:00pm EST
messengers. there were all over new york city for a minute. it did not work, because a simple you do have to make money, particularly as a startup. hall. adam: marking amazon drones. after the announcement, the twitter account amazon drowns. and these us some of the best. just wait. one day you will be stuck on the john with the tepee in sight. who were you going to call? drawn to the rescue. forget your girlfriends birthday? i got your back. thirty minutes a less. want to show someone how much you hate them? send me to their house with a nickel back cd. drone revenge. lori: what a tough crowd. let's get to the latest on the obamacare rollout. the obama administration, the troubled health care website a vastly improved since the disastrous rollout back in october. so much so that it appears that the website may have reached its maximum capacity. now, the former head of the massachusetts health exchange. great to have you back on the show. welcome. >> thank you. nice to be here. lori: health and human services is saying that they are running 90% of the time. does that mean anyone can log o
FOX Business
Dec 3, 2013 12:00am EST
weather? three, where do you drop these packages, especially in a city, probably one of their target markets, when usually you come out and and meet the deliveryman, sign it -- melissa: right, and there's the faa. chris, when you watched the video on "60 minutes" last night, it was the very nice landing, the drone jebtly placed down -- gently placed down its package, it was no trouble at all. this how you see it working, or are there some challenges? >> there's a lot of challenges here. as a helicopter pilot, as a retired naval aviator, we had a saying if something is not ging wrong, it's about to go be wrong. melissa: very optimistic of you. >> technologically, yes, you could do this today, periodly on a one-time- immediately on a one-time case. you can't do this with hundreds or thousands of drones making multiple deliveries. and the biggest hurdle is the regulations involved. there is no regulatory framework for this type of commerce to take place in. technology always takes place before the regulatory framework. let me give you one quick historical example, orville and wilbur wri
FOX Business
Dec 6, 2013 4:00pm EST
commitment has never been stronger. david: is there a prettier city during the holiday season? i don't think there is. south florida real estate sales are surging. what better way to spark interest in a high-end property than combine it with high-end art? liz: fox news's phil keating live from miami, florida. art basal is huge, isn't it? >> it is enormous, liz and david and the place to be this weekend. there is $3 billion in art hanging on all of the waas here at the miami beach convention center. well-heeled art collectors from around the world are in town. they're walking around, checking all of the art, which is all for sale. so far much of it already has sold. and a lot of these art collectors of contemporary art will be leaving town, only after they collect themselves some real estate. the two seem to go hand in hand. south florida's booming real estate economy right now with 23 months in a row of increased real estate sales. art is also helping to not only stimulate but push the sales of high-end properties. this two level condo on ocean drive includes with it, about a million d
FOX Business
Dec 10, 2013 1:00pm EST
malls, we are the show room for the world, and new york city is the biggest showroom. lori: how are you heading your account? with so many having to adjust accordingly to accommodate for what is looking like higher cost for a lot of business owners. >> it is hard. a little concerned about obamacare, and the cost to operate a business in a u.s. e-commerce helps a little bit but we are being careful about how we hire, who we hire, we want the best in the world but we are very excited about growing our business worldwide. lori: thank you for coming in today. safe travels in this weather. adam: you missed the opportuni opportunity. lori: it is not a day with me to wear a sleeveless dress. adam: the united states of fannie and freddie, agencies writing nine out of 10, any chance that will change? the pick to run the fha. lori:'s wall street stealing returns from 2014 ahead with about next year. listen up for that. tdd#: 1-888-852-2134 there e trading opportunities tdd#: 1-888-852-2134 just waiting to be found. tdd#: 1-888-852-2134 at schwab, we're here to help tdd#: 1-888-852-2134 bring
FOX Business
Dec 7, 2013 2:00am EST
personal freedom but stayed with members tueber with lower tax collections and it helps city has the right to riffed -- right to work state. number to south dakota ranking number one on fiscal policy with little tax spending in the number one state is north dakota. it also is the most improved in wins for being both economically and personal leave three. the least free state? new york. when we come back with cable fights brewing who is the loser? aid worker fired for testing sitive for marijuana how can it be legal to fire somebody for that? dennis: a cloudy future ahead for the pot smokers for despite tuesday's legalizing the drug but companies are firing them does the federal law still ban the recreational use? the landscape ofs this but to the sec review been you are watching -- rate a fabulous color to i. [laughter] this company fires a guy for smoking pot progress 64 percent of amicans think it is unacceptable to fire for off the clock. does he have a case? iraqi desert and. since it shed nonpeak illegal but but i do see if it is illegal federally in the bill in the state federa
FOX Business
Dec 8, 2013 10:00pm EST
tueber with lower tax collections and it helps city has the right to riffed -- right to work state. number to south dakota ranking number one on fiscal policy with little tax spending in the number one state is northakota. it also is the most improved in wins for being both economically and personal leave three. the least free state? new york. when we come back with cable fights brewing who is the loser? aid worker fired for testing positive for marijuana how can it be legal to fire somebody for that? as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, rry! if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved
FOX Business
Dec 6, 2013 10:00pm EST
some of the candid it's. fred barnes, tell me what this -- what happens in your city to the intellects particularly republican leaders. >> i am not taking any responsibility for what the speaker of the house said. look, republicans do have a problem. democrats use this issue of the so-called war on women, and it works because republicans do not have a good response. the need to fight back. and never go into a discussion that somehow excuses' rape. as long as they -- lou: wait a minute. back up. hang on just a second. i am trying to make notes for the people who do not comprehend that. iean, i -- i guess what i am saying is, is the republican party so befuddled andts leaders that it does not understand the importance of a triple digit iq to begin with and decent principles and values? >> here is the thing, what he said is insulting. i am personally insulted, not because i am sensitive but not because i'm sensitive, because he is in a st. you need to treat me different for either of you guys on this panel. i wanto be treated different because i have blond hair and a female and kenaf kids
FOX Business
Dec 6, 2013 1:00pm EST
is ramping up the mortgage fight taking citigroup and wells fargo to court. the city alleges the banks engaged in mortgage discrimination that led to a high number of foreclosures in minority communities. they initially mixed mortgages in minority neighborhoods. but targeted the same people for predatory loans. the news today not affecting the stock. again, we are sitting near the accession highs for the market. adam: winter weather hitting people in the southwest to the northeast. i look at where the ice storm is heading. cheryl: the man-made weather . china facing record smog levels. forcing planes to stay on the ground. adam: and buying holiday gifts. the online home furnishing retailer watching record sales on cyber monday this year. we will talk to the company's ceo in the latest installment of "your wish list." every day we're working be an even better company - and to keep our commitments. and we've made a big commitment to americ bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than another place in the world. in fact,
FOX Business
Dec 9, 2013 3:00pm EST
you very much. good luck getting of new york city and heading back to texas. good to have you in the studio. well, it has just been one year, one year after the sandy hook school massacre in connecticut for. cerberus capital management as a new plan to allow some investors to get out of its weapons business freedom group. rita mae the bushmaster rifle used in the shooting that killed 20 children and six adults one year ago. and the day -- in the days following the massacre they announced plans to sell the company outright, but the firm failed to get an acceptably offer. according to sources familiar with the matter, there is a new plan to allow some of the existing investors to back out of the maker. it is possible there will still try to sell freedom as a complete unit. we will keep you posted. we have 19 minutes to go until the bell rings. just as retailers tried to pump up holiday sales, much of the nation now waxed by huge winter storms. can the retailing industry make up for lost ground as we head toward christmas? we will spread all of you coming up next. ♪ tdd#: 1-800-345-25
FOX Business
Dec 2, 2013 4:00pm EST
advancedardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ liz: time for a look at today's market drivers. all three major indices closing in the red as investors speculate ad strong u.s. manufacturing report did indeed come to fruition could prompt the federal reserve to taper its bond buying program a little earlier than expected. telecom was today's worst performer. we had u.s. manufacturing activity rising unexpect he hadly in november. the ism manufacturing index rising to 57.3 last month. that is the highest reading since april of 2011. >>> it was mixed day for commodities. look at gold though. gold dropped 2.3%. by the time all said and done, $28 close, down to the lowest since july but oil rising 1.2% to settle at $93.82 a barrel. highest level in a week. david: i bet george giros was buying. he said it was bargain at this level. he knows gold. >>> people surf the web for this holiday's hottest deals, what stocks are they talking about on the stock sight, stockwits. liz: i did so m
FOX Business
Dec 2, 2013 7:00pm EST
december. and another expert said he is confident that he will work it out by 2017. cities did he think there is a lack of management and the white house, if so, will the program be working if they had it together? >> there are huge subsidies. and it's a littll messy. and they are pretty far beyond where they were. lou: when you talk about smart people, you have worked in the private sector as well as on-air and i know a lot of smart people and, one of the first rules being counseled on was just remember that. what it got people involved, it screwed up. no matter what level you work at, it was ignored by a government and administration of frank we had very little obvious experience and not with any kind. >> obviously this is much bigger and the current administrator, i've known her for 25 years and she's very great. but there's a lot they can do on the i.t. side and theee's a lot they can do. they have a long way to go, it will be a mess for a long time. to me, the bigger issue wasd ona 200 billion-dollar entitlement program and they are giving a lot of subsidies to a lot of peopl
FOX Business
Dec 9, 2013 9:20am EST
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FOX Business
Dec 8, 2013 1:00am EST
the wage war. fast food workers in hundreds o cities walking off the job this week. it's all part of union-backed protests, demanding 15 bucks an hour. and president obama agreeing it's time for a raise in the minimum wage. >> i'm going to keep pushing until we get a higher minimum wage for hard-working americans across the entire country. it will be good for our economy. >> but, as the unemployment rate is heading in the right direction, will this wage hike have jobs taking a hike? hi, everyone, this is "bulls and bears." let's get right to it. the bulls and bears. gary b. smith. tracy burns. john nas max ferris. along with bernard whitman. ll pushing the minimum to the max push out jobs just as they're coming back? >> yes, absolutely, this is the wrong thing to do in an economy that's showing some signeds of recovery. remember, they're targeting the wrong people. this is a great union and democratic slogan to say, look at the ceo, how much he's making. you can't raise the minimum wage to $15 an hour? take mcdonald's nor example. they will tell you, they don't set the wages for the
FOX Business
Dec 3, 2013 4:00pm EST
a little later in the show. liz: unionized city workers in detroit have suffered a major setback in the fight over bankruptcy. a u.s. judge ruled detroit is legally entitled to pursue bankruptcy. of the "after the bell" starts right now. david: we're a little off the floor of this market. it was down triple digits. we ended the day on the dow, anyway, down double digits. let's look at today's action with robert russell, russell and company president. he tells investors why 2014 will actually be the year of the stock-picker. larry shover is in the pits of the cme. larry, let's start with you. what is going on? is this just a pause or a downward trend we're looking at? >> well, david, no panic here but make no mistake about it the short-term dynamics here are quite disconcerting and cause for concern. all of 2013 we've been very sensitive to any kind of decline but right now what's going on, any type of knee-jerk reaction we get is quite core rob tiff for everybody. people take rallies for granted. hey, dice it's a santa claus rally. of course we'll rally. that is not something you re
FOX Business
Dec 9, 2013 5:00pm EST
the city of sao -- well i can't say the name, more than 10 million have been produced world wide over past 6 decade. >> to china, a man in china developed a pair of shoes that s that weigh over $440-pounds each, and says they hole the secret to curing back pains and hec hemorrhoids. the shoes fix that in no time, high is developing a whole range of metal footwear, in varying degrees of heaviness, different colors. >> check this out, all american girl jennifer -- one of three finalists in popular middle easternty of tiety tern tv compe wowed audiences threw out the region by singing renditions of classic arabic song. she embraced arabic music since discovery it on-line three years ago. >> in most workplaces drinking on the job is enough to get you fired but not in amsterdam, a government funding orzation set up a program that lets alcoholics clean up the city, in exchange for beer and tobacco. joining us now adiction expert, do you love this idea or hate it. >> i think i am and any sensible person would health this idea. -- would hate this idea, it en enslaves people, they are add
FOX Business
Dec 2, 2013 11:00am EST
new york city that killed four and injured more than 60. national transportation safety board space to conduct interviews today or tomorrow with the engineer and the conductor. readers of the house and senate intelligence committee said the terrorism threat against the united states is increasing and americans are not as safe as they were a year or two ago. diane feinstein said there are more terrorist groups than ever and mike rogers says that is putting more pressure on u.s. intelligence services. and lawyers for lindsay lohan reportedly are building a lawsuit against the lawmakers of the makers of the "grand theft auto: v" videogame. tmz is reporting actress believes her license was used without her permission. unclear o the image was intended to be the actress. those are your news headlines on the fox business network. now back to dagen and connell. poor lindsay. dagen: somebody with no acting career and too many lawyers on their hands. you have some money on your hands? charles payne following up on last week's recommendation of ebay. connell: all over this one. charles: we tal
FOX Business
Dec 3, 2013 7:00pm EST
future payments to the city's pension systems as part of the bankruptcy. some good news for the motor city reporting the best sales month and six and a half years. sales climbed nearly 9% in november. much more still ahead. vice-president joe biden does nothing to ease tension in the south china sea. in fact, he blasts the territorial claims and its air defenses down and former secretaries of state kissinger and schulz lay out the strategy to stop the iranian marched to a nuclear break up. judith miller, dr. while the ferris join us. also, the latest math, reading and is tied -- science test scores of u.s. students revealing the new promise of a new age of american exceptional as an. the shocking statistics for you in tonight's "chalk talk". we're coming right back. ♪ president obama pushing his troubled health care plan. and he says no matter how much it stinks', it is not going to be repealed. we will be taking that up with congressman and dr. paul brown it has a diagnosis of his own next. ♪ as a business owner, i'm constantly putting out fires. so i deserve a small busine
FOX Business
Dec 1, 2013 8:00pm EST
shot at. so oswald managed to escape and he ran away and he got away on a city bus and no one ever knew that he did it. so there was no investigation. lou: how did he get away? >> on a city bus. he didn't have a driver's license. it's so bizarre. months before he is escaping on a bus and now he is escaping the texas school book depository on a bus. >> you know that every conspiracy theorist in our history, saying okay, but marina oswald had every reason in the world to be quiet and whatere those reasons and how many of those reasons were part of the fact that she was a soviet type of citizen whom oswald had met and encouraged, it seems common to many common to have met in moscow. >> he was a violent wife beater coming had delusions of grandeur, he said he wanted to hunt down richard nixon, that he wanted to fight in the cuban revolution and he wanted to make her dependent upon him and he didn't want her to learn english because then he couldn't control her. it was a very strange relationship. lou: jackie kennedy's influence, looking at the two pivotal women in this tale. her role a
FOX Business
Dec 10, 2013 9:20am EST
watched. >> in london, a city that i love. there are more cameras per block. stuart: that's true. >> than anywhere else on the planet. stuart: that's true. >> the second most populated with camera cities is the city of new york, because mike bloomberg loves london and wanted to mimic it. almost all the cameras you see here are government cameras on private property. if the owners of private property side you know what, commissioner kelly, we don't want your cameras on our property, the government couldn't afford to put up the cameras it wanted to. that's outside. and orwell's story, your story is about inside. we're talking about the government entering your home against your will and without your knowledge and watching you moving about your home. such a society is not inevitable. the american people can put a stop to it. you haven't put a stop to it. where is the lawsuit? >> because the politicians think that they look tough when they permit it. you know what they look? they look like the totalitarians that we fought against. stuart: okay. charles: but the talk earlier-- >> eloquent. >>
FOX Business
Dec 7, 2013 10:00am EST
. using data predictively to help power entire cities. so the turbines of today... wl power us all... into the future. ♪ >> another beautiful morning in centsinnati, metropolis of the money-minded, where daily life revolves around good people, good choices, and -- good grief! >> [ roars ] >> it began only moments ago -- a marauding monster, with enough rage to level the city and enough arms to lay waste to any challengers, appeared as though from out of nowhere. >> this guy puts the "ugh" in "ugly." >> and he put himself in a tight spot. >> [ grunts ] too true! if he's failed to realize... [ dynamic music plays ]
FOX Business
Dec 4, 2013 6:00pm EST
everything works like never befe. gerri: do you check out the the -- christmastime in new york city. gorgeous too. i walked byive morning. holidays are time for family, and present, people in new york city, and identity theft, there are ways to prevent the grinches from stealing christmas, with us adam, thank you for coming in. you say this particular christmas is more dangerous than most holidays, why? >> the shopping season has been compressed. that retailers in a frenzy, whether they are in a frenzy in terms of deals they offer when you walk through door, through broadcast media or e-mail, that is where the vulne vulner bill . gerri: what should people be thinking about? >> most important thing be aware. identity thieves prey on fact you are distracted. you have a day job, but to them could you are their day job. so as a result they count on fact you are so caught up in the christmas spirit so overwhelmed by advertising when you go to a web site you may not be looking at how authentic they are, you click on links, you don't look for the htps that shows you it iis a secure site ey
FOX Business
Dec 10, 2013 6:00pm EST
for some cities uiq did pretty deep. and number four is minneapolis. and travel related taxes more than $18 per day here. and 19 bucks a day and travel taxes and the city to travel in portland, oregon. visitors pay $23 a day in texas. okay. well, if you had in california or florida, if you want to have a brake on travel taxes, that is the place to go, especially burbank, where you'll pay less than $2 per day. coming up next from a users guide to taxes with more changes ahead and we will have a tax strategy session. you can start planning and start saving. we will have that next. ♪ ♪ ♪ if you've got copd like me, hey breathing's hard. know the feeling? copd includes emphysema d chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps on my obstructed airways for a full 24 hour spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for suddesymptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spir
FOX Business
Dec 5, 2013 5:00pm EST
to starbucks. we don't pay that here. we have a member who joined the new york city strike. louis vasquez worked at a fast-food chain for six months. why are you on strike today? >> well, first of all i want to say good evening. honor to have me year. melissa: good evening. >> yes. basically, i'm on strike today he for $15 and a union. like i said, just to have more stable life. melissa: louis, how many jobs have you had beef this? i assume you're working for minimum wage. have you had a lot of other minimum wage jobs? >> well, actually, that is a very food question. i've actually had one other job and which was, minimum wage. we're talking about in the summer of 2012. was actually working at cvs through the summer youth employment program. melissa: uh-huh. so, luis, it sound like -- >> for about a month. melissa: you don't have a lot of work experience. i mean you're the exact kind of person who comes in and gets that opening job in order to try and move up the ladder. so it is hard for me to understand what your complaint is. >> well my complaint is this, the following. i'm curr
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